1107-1113 Paola Road
Industrial | 31,956 SqFt
Marketing description
Bryant Capital Advisors is pleased to present the exclusive offering of 1107-1113 Paola Street, a multi-building flex/industrial asset located in Statesville, NC, totaling approximately 31,956 rentable SF across five units.
The property provides in-place income with remaining vacancy that supports near-term lease-up potential. Its multi-tenant configuration accommodates a range of office, service, and light industrial users, allowing for both stabilized investment performance and flexible owner-user utilization.
Originally constructed in 1952, the asset features functional industrial characteristics including 18-foot clear heights and multiple drive-in doors, supporting a variety of operational uses. A vacant, move-in ready office suite with existing buildout provides immediate leasing or owner-user opportunity, while the remaining occupied units offer income stability with the ability to increase rents over time.
Situated on approximately 0.81 acres with proximity to downtown Statesville and direct access to Interstate 77 and Interstate 40, the property benefits from strong regional connectivity within an active small-bay industrial corridor.
The investment is defined by its combination of in-place cash flow and clear operational upside through lease-up and mark-to-market rent growth within a flexible, multi-tenant structure.
Investment highlights
- NEAR-TERM LEASE-UP AND RENT GROWTH - The asset offers clear upside through lease-up of existing vacancy and the ability to mark rents to market over time. This provides a defined path to increasing cash flow while maintaining in-place income. The multi-tenant structure supports incremental stabilization without requiring full repositioning.
- FUNCTIONAL MULTI-TENANT DESIGN - The property features a five-unit layout with 18-foot clear heights and four drive-in doors, supporting a range of light industrial and warehouse users. This configuration enables tenant diversification and flexible leasing strategies. The design accommodates both single-user occupancy and multi-tenant operations depending on ownership strategy.
- GROWING DEMAND FOR INDUSTRIAL SPACE IN STATESVILLE - Statesville's industrial market has low vacancy rates and rising demand as businesses seek affordable, well-connected locations. With Charlotte's market becoming more competitive, companies are turning to Statesville as a cost-effective alternative. This strong demand creates a stable environment for users and investors.
- ESTABLISHED INDUSTRIAL LEASING DYNAMICS - Statesville benefits from its affordable rates, central location, and diversified industrial tenant base, contributing to long term income durability and reduced rollover exposure. The asset benefits from sustained leasing demand for small- and mid-bay industrial product, which continues to outperform bulk distribution space across the greater Charlotte region.
- STRONG REGIONAL ECONOMIC GROWTH DRIVING INVESTMENT POTENTIAL - Statesville is growing steadily due to infrastructure investments, business-friendly policies, and a skilled workforce. Its appeal to industrial users makes this a solid long-term investment. Lower business costs than larger metro areas further enhance its attractiveness.
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